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john boehner says he has gotten the message. >> because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reform. there's a model for tax reform that supports economic growth. >> reporter: does that mean house republicans are now willing to accept higher taxes on those making more than $250,000? not exactly. boehner says he will only raise more money from taxes under what he called the right conditions. >> does the increased revenue come from government taking a larger share of what the american people earn through higher tax rates? or does it come as a bi-product of growing our economy, energized by a simpler cleaner fairer tax code with fewer loopholes and lower rates for all. >> reporter: democratic senate leader harry reid also says he wants a quick fix for the fiscal cliff. but, he was clearly feeling empowered by a strong showing in the election. >> i want to work together, but i want everyone to understand you can't push us around. >> reporter: and raising taxes on the well-off is clearly a top priority. >> all the ex
tonight compared to a week ago. >> reporter: while president obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis a
Search Results 0 to 9 of about 10 (some duplicates have been removed)